Market Failure: Global Warming and Peak Oil
Date: Monday, February 28 @ 17:37:38 PST
Topic: Enviromental Headlines; Climate Change
There is a wider lesson from our evolving understanding of global warming that is particularity relevant to that other emerging global-scale problem threatening global society collapse: peak oil.
Markets have never quantified and accounted for the greenhouse gas costs of burning fossil fuels. The costs of production and demand by users have always been the market variables setting the price of coal and oil.
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